Durect (DRRX)

[realfast95]

Put buyers may have placed a short term 1 week cap on the price.
The last contract Friday afternoon sold for 3.10 so they need sub $1.7 to be profitable. Unless management issues that FDA announcement.
This is a California company so we may not see such an announcement until Tuesday, if they were on vacation.
Just have to watch the volume on the options this week and also the range of the Goldman Sachs Market Maker.

Puts for July 21, 2017
Contract Name Last Trade Date Strike Last Price Bid Ask Change % Change Volume Open Interest Implied
DRRX170721P00005000 2017-07-14 3:46PM EDT 5.00 3.30 3.10 3.40 -0.50 -13.16% 48 98 640.63%